Teucrium 2x Daily Wheat ETF

WXET

Börsenwert 5,73 Mio. $

The USDA said that projected U.S. wheat output for 2026 is 1.536 billion bushels, down 7 million bushels from what the agency forecasted in June.

Just in time for the start of the growing season, the National Drought Mitigation Center's latest data says that 51% of U.S. states and Puerto Rico are in moderate drought or worse.

The Teucrium Corn Fund gained 5% in the last month, breaking above $18.30.

Chicago wheat futures were rising as the escalating conflict in the Middle East caused oil and fertilizer prices to surge.

On Friday, Teucrium launched two new commodity-focused ETFs.  These two new funds offer leveraged exposure to the performance of agricultural commodities.

Designed for high-conviction traders, new funds provide a capital efficient means to express short-term views on some of the world's most heavily traded commodities1